Retirement Savings


Use this calculator to compute how much you would need to have invested in order to withdraw a specified amount each year over the course of a specified period of time. For example, if you want to be able to withdraw $500 during each month of your expected 20-year retirement, this calculator will tell you that if you expect to earn a 10% interest rate you will need to have $51,812.30 saved up by the time you retire. This is often referred to as "Present Value of an Annuity" analysis. 

 

Instructions:  To compute the Present Value of an Annuity, fill in the first three text boxes and then click the "compute" button.

Note: Other than decimal points, do not enter any other non-numeric characters (commas, dollar signs, etc.) in the entry boxes. Doing so will cause a JavaScript error.

 

 

 

 

 

 

 

 

 

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TAX
  Tax Estimator

BORROWING
  Loan Amortization
  Loan Comparison
  Missing Loan Term
  Debt  Consolidation

INVESTMENT
  Portfolio Mix
  Compounding Interval
  Single Future Value
  Periodic Future Value
  Savings Time
  Savings Goal
  Lump Sum Savings
  Retirement Savings
  IRA Distributions
  College Funding

MORTGAGE
  Mortgage Qualification
  Bi-Weekly Mortgage
  Mortgage Refinancing
  Payoff Goal
  Rent vs. Buy

BUDGETING
  Net Worth
  Cash Flow
  Expense Percentage
  Wage Conversion
  Irregular Payments
  Credit Card Payment
  Debt Investment
  Average Interest Rate
  Real Hourly Wage
  Lifetime Earnings
  Generic Savings
  Car Cost Comparison
  Transportation Savings

 

Enter the amount you would like to withdraw each month:

 

Enter the Annual Interest Rate you expect to earn:
Enter the number of years you would like to make the monthly withdrawals:
 

 

This is how much you need to have saved:

Copyright 1998-2001 Daniel C. Peterson, All Rights Reserved